Total Revenue for Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Establishments Subject to Federal Income Tax
REV5412TAXABL144QNSA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
55,533.00
Year-over-Year Change
7.53%
Date Range
10/1/2003 - 4/1/2025
Summary
This economic trend measures the total revenue for establishments providing accounting, tax preparation, bookkeeping, and payroll services in the United States. It is an important indicator of activity and demand in the professional services sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Total Revenue for Accounting, Tax Preparation, Bookkeeping, and Payroll Services trend tracks the quarterly total revenue of businesses subject to federal income tax that provide these professional services. This data is used by economists and policymakers to analyze trends in the professional services industry and its contribution to the broader economy.
Methodology
The data is collected by the U.S. Census Bureau through quarterly surveys of business establishments.
Historical Context
This trend is closely watched by analysts and policymakers to gauge the health of the professional services sector and its role in the overall economy.
Key Facts
- The professional services sector accounts for over 6% of U.S. GDP.
- Quarterly revenue in this industry exceeds $350 billion.
- Demand for these services is closely tied to broader economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total quarterly revenue for establishments in the United States that provide accounting, tax preparation, bookkeeping, and payroll services.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of activity and demand in the professional services sector, which is a significant contributor to the broader U.S. economy.
Q: How is this data collected or calculated?
A: The data is collected by the U.S. Census Bureau through quarterly surveys of business establishments.
Q: How is this trend used in economic policy?
A: Economists and policymakers use this trend to analyze the health of the professional services industry and its role in the overall economy.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis with a lag of several months.
Related Trends
Social Security Benefits - Direct Payment of Social Security On Behalf of Patients for Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities, All Establishments, Employer Firms
RIADDMHASAF486232
Gross Annual Payroll for Administrative and Support Services, All Establishments, Employer Firms
EXPGAPEF561ALLEST
Export Revenue for Travel Agencies, All Establishments, Employer Firms
ERVEF56151ALLEST
Total Revenue for Scenic and Sightseeing Transportation, Land, Establishments Subject to Federal Income Tax, Employer Firms
REVEF4871TAXABL
Revenue for Residential Intellectual and Developmental Disability, Mental Health, and Substance Abuse Facilities, All Establishments, Employer Firms
RIADDMHASAF216232
Total Revenue for Bowling Centers, Establishments Subject to Federal Income Tax, Employer Firms
REVEF71395TAXABL
Citation
U.S. Federal Reserve, Total Revenue for Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Establishments Subject to Federal Income Tax (REV5412TAXABL144QNSA), retrieved from FRED.